Press Release

JIIF Makes a Mark at Startup Mahakumbh ’24: Fostering Innovation and Entrepreneurial Excellence!

JITO Incubation and Innovation Foundation (JIIF), India’s leading Incubator and Angel Network made a strong impression at Startup Mahakumbh ’24, reaffirming its dedication to promoting innovation and entrepreneurial excellence. JIIF, represented by its dynamic team, showcased its pivotal role in nurturing startups and driving transformative change within the startup ecosystem.

The event witnessed esteemed dignitaries, including our Honourable Prime Minister Narendra Modi, who addressed the audience, emphasizing the critical role of startups in India’s growth story. Amidst this vibrant setting, JIIF exhibited its status as a Government-Recognized Seed Funded Business Incubator, alongside five startups supported under the SISFS Program – Cannabie, AayushBharat, Vigor E-Bike, Textify.Ai, and AuditCircle. Other JIIF Portfolio startups like Collearn and Gudmom also exhibited at the event. COO Sagar Gosalia, Incubation and Acceleration Manager Anshu Jain, and Associate Vinay Jain represented JIIF among more than 200 incubators from across the nation.

Anshu Jain, Incubation and Acceleration Manager, participated in a roundtable discussion on access to capital for startups in Tier 2-4 cities, advocating for the role of micro-VCs in enabling growth alongside incubators and angel investors/HNIs. This conversation was deeply meaningful, with angel investor networks from Jaipur, Chandigarh, Guwahati, Hubli, and beyond sharing their perspectives.

Rajat Mehta, Chairman of JIIF, expressed his satisfaction with JIIF’s participation, said, “Our distinctive role as an Incubator highlighted our constant support to entrepreneurs who participated in the event. It emphasized our commitment to providing guidance to startup ventures and empowering them to thrive in the competitive landscape. Through mentorship, funding, and strategic initiatives, we strive to cultivate a culture of innovation and entrepreneurship. Together, we are shaping the future of successful businesses with passion and purpose.”


Vikash Kawar, Vice-Chairman, JITO Incubation Centre, commented on JIIF’s presence at Startup Mahakumbh, said, “The enthusiastic participation and impactful representation of JIIF at Startup Mahakumbh ’24 resonate with our mission to foster innovation and entrepreneurial spirit. It is a testament to our unwavering commitment to nurturing startups and contributing to India’s vibrant startup ecosystem.”

During the lively event, JIIF’s startups received significant validation. Cannabie, one of the incubatees, was given the prestigious opportunity to make an appearance among the top 21 startups before PM Narendra Modi. Furthermore, Vigor E-BIKE received attention after being featured in the official short film for Startup Mahakumbh’24, which increased its visibility across social media channels. JIIF invested startup, Gudmom received the most voted pod for Sustainability & Social impact startup. They also received the Avishkaar Kisaan Samartan Award of ₹ 1 lakh from the Founder of Aavishkaar Group and Mr. Anand from NABARD.

As Startup Mahakumbh ’24 concludes, JIIF remains committed to driving positive change and developing a culture of innovation that accelerates startups towards success.

About JITO Incubation and Innovation Foundation (JIIF):

JIIF, as a subsidiary of Jain International Trade Organization (JITO), has consistently played a pivotal role in promoting innovation and entrepreneurship in India. With the support of our esteemed investors, we have made significant strides, incubating 40+ entrepreneurs and investing upwards of ₹ 190 crores in 95 companies.